Item 1: Cover Page
Meaningful Wealth Management LLC
PO Box 411
Flourtown, PA 19031
Form ADV Part 2A – Firm Brochure
(215) 600-2814
Dated: July 28, 2022
https://ww.meaningfulwealthmanagement.com
https://www.merckmoney.com
This Brochure provides information about the qualifications and business practices of Meaningful
Wealth Management LLC, “MWM”. If you have any questions about the contents of this Brochure,
please contact us at (215) 600-2814. The information in this Brochure has not been approved or verified
by the United States Securities and Exchange Commission or by any state securities authority.
Meaningful Wealth Management LLC is registered as an Investment Adviser with the State of
Pennsylvania. Registration of an Investment Adviser does not imply any level of skill or training.
Additional information about MWM is available on the SEC’s website at www.adviserinfo.sec.gov
which can be found using the firm’s identification number 299529.
Item 2: Material Changes
Material changes made to this Form ADV Part 2A from the previous filing dated May 6, 2022 are:
• Meaningful Wealth Management’s mailing address has changed to:
Meaningful Wealth Management
PO Box 411
Flourtown, PA 19031
• Meaningful Wealth Management’s phone number has changed to:
(215) 600-2814
Future Changes
From time to time, we may amend this Disclosure Brochure to reflect changes in our business practices,
changes in regulations, and routine annual updates as required by the securities regulators. Either this
complete Disclosure Brochure or a Summary of Material Changes shall be provided to each Client
annually and if a material change occurs in the business practices of Meaningful Wealth Management
LLC.
At any time, you may view the current Disclosure Brochure online at the SEC’s Investment Adviser
Public Disclosure website at http://www.adviserinfo.sec.gov by searching for our firm name or by our
CRD number 299529.
You may also request a copy of this Disclosure Brochure at any time, by contacting us at 215-600-2814.
Item 3: Table of Contents
Contents
Item 1: Cover Page 1
Item 2: Material Changes 2
Item 3: Table of Contents 3
Item 4: Advisory Business 4
Item 5: Fees and Compensation 8
Item 6: Performance-Based Fees andSide-By-Side Management 11
Item 7: Types of Clients 11
Item 8: Methods of Analysis, InvestmentStrategies and Risk of Loss 11
Item 9: Disciplinary Information 14
Item 10: Other Financial Industry Activities andAffiliations 14
Item 11: Code of Ethics, Participation or Interest in Client Transactions and PersonalTrading 15
Item 12: Brokerage Practices 16
Item 13: Review of Accounts 19
Item 14: Client Referrals and OtherCompensation 19
Item 15: Custody 20
Item 16: Investment Discretion 21
Item 17: Voting Client Securities 21
Item 18: Financial Information 21
Item 19: Requirements for State-RegisteredAdvisers 22
Form ADV Part 2B – Brochure Supplement 25
Item 4: Advisory Business
Description of Advisory Firm
Meaningful Wealth Management LLC is registered as an Investment Adviser with the State of
Pennsylvania. We were founded in November, 2018. Brendan Dooley is the principal owner of MWM.
As of December 31, 2021, MWM manages $11,658,670 in non-discretionary and $0 in discretionary
assets under management.
Types of Advisory Services
Investment Advisory Services (MWM manages accounts)
We are in the business of managing individually tailored investment portfolios. Our firm provides
continuous advice to a client regarding the investment of client funds based on the individual needs of
the client. Through personal discussions in which goals and objectives based on a client’s particular
circumstances are established, we develop a client’s personal investment policy or an investment plan
with an asset allocation target and create and manage a portfolio based on that policy and allocation
target. We may also review and discuss a client’s prior investment history, as well as family
composition and background.
Account supervision is guided by the stated objectives of the client (e.g., maximum capital appreciation,
growth, income, or growth, and income), as well as tax considerations. Clients may impose reasonable
restrictions on investing in certain securities, types of securities, or industry sectors. Fees pertaining to
this service are outlined in Item 5 of this brochure.
Use of Third Party Managers, Outside Managers, or Sub-Advisors (TAMPs)
We offer the use of Third Party Managers, Outside Managers, or Sub-Advisors (TAMPs) for portfolio
management services. We assist Clients in selecting an appropriate allocation model, completing the
Outside Manager’s investor profile questionnaire, interacting with the Outside Manager and reviewing
the Outside Manager. Our review process and analysis of outside managers is further discussed in Item 8
of this Form ADV Part 2A. Additionally, we will meet with the Client on a periodic basis to discuss
changes in their personal or financial situation, suitability, and any new or revised restrictions to be
applied to the account. Fees pertaining to this service are outlined in Item 5 of this brochure.
Financial Planning
We provide financial planning services on topics such as retirement planning, risk management, college
savings, cash flow, debt management, work benefits, and estate and incapacity planning.
Financial planning is a comprehensive evaluation of a client’s current and future financial state by using
currently known variables to predict future cash flows, asset values, and withdrawal plans. The key
defining aspect of financial planning is that through the financial planning process, all questions,
information, and analysis will be considered as they affect and are affected by the entire financial and
life situation of the client. Clients purchasing this service will receive a written or an electronic report,
providing the client with a detailed financial plan designed to achieve his or her stated financial goals
and objectives.
In general, the financial plan will address any or all of the following areas of concern. The client and
advisor will work together to select the specific areas to cover. These areas may include, but are not
limited to, the following:
● Cash Flow and Debt Management: We will conduct a review of your income and expenses to
determine your current surplus or deficit along with advice on prioritizing how any surplus
should be used or how to reduce expenses if they exceed your income. Advice may also be
provided on which debts to pay off first based on factors such as the interest rate of the debt and
any income tax ramifications. We may also recommend what we believe to be an appropriate
cash reserve that should be considered for emergencies and other financial goals, along with a
review of accounts (such as money market funds) for such reserves, plus strategies to save
desired amounts.
● College Savings: Includes projecting the amount that will be needed to achieve college or other
post-secondary education funding goals, along with advice on ways for you to save the desired
amount. Recommendations as to savings strategies are included, and, if needed, we will review
your financial picture as it relates to eligibility for financial aid or the best way to contribute to
grandchildren (if appropriate).
● Employee Benefits Optimization: We will provide review and analysis as to whether you, as an
employee, are taking the maximum advantage possible of your employee benefits. If you are a
business owner, we will consider and/or recommend the various benefit programs that can be
structured to meet both business and personal retirement goals.
● Estate Planning: This usually includes an analysis of your exposure to estate taxes and your
current estate plan, which may include whether you have a will, powers of attorney, trusts, and
other related documents. Our advice also typically includes ways for you to minimize or avoid
future estate taxes by implementing appropriate estate planning strategies such as the use of
applicable trusts. We always recommend that you consult with a qualified attorney when you
initiate, update, or complete estate planning activities. We may provide you with contact
information for attorneys who specialize in estate planning when you wish to hire an attorney for
such purposes. From time-to-time, we will participate in meetings or phone calls between you
and your attorney with your approval or request.
● Financial Goals: We will help clients identify financial goals and develop a plan to reach them.
We will identify what you plan to accomplish, what resources you will need to make it happen,
how much time you will need to reach the goal, and how much you should budget for your goal.
● Insurance: Review of existing policies to ensure proper coverage for life, health, disability,
long-term care, liability, home, and automobile.
● Investment Analysis: This may involve developing an asset allocation strategy to meet clients’
financial goals and risk tolerance, providing information on investment vehicles and strategies,
reviewing employee stock options, as well as assisting you in establishing your own investment
account at a selected broker/dealer or custodian. The strategies and types of investments we may
recommend are further discussed in Item 8 of this brochure.
● Retirement Planning: Our retirement planning services typically include projections of your
likelihood of achieving your financial goals, typically focusing on financial independence as the
primary objective. For situations where projections show less than the desired results, we may
make recommendations, including those that may impact the original projections by adjusting
certain variables (e.g., working longer, saving more, spending less, taking more risk with
investments).
If you are near retirement or already retired, advice may be given on appropriate distribution
strategies to minimize the likelihood of running out of money or having to adversely alter
spending during your retirement years.
● Risk Management: A risk management review includes an analysis of your exposure to major
risks that could have a significant adverse impact on your financial picture, such as premature
death, disability, property and casualty losses, or the need for long-term care planning. Advice
may be provided on ways to minimize such risks and about weighing the costs of purchasing
insurance versus the benefits of doing so and, likewise, the potential cost of not purchasing
insurance (“self-insuring”).
● Tax Planning Strategies: Advice may include ways to minimize current and future income
taxes as a part of your overall financial planning picture. For example, we may make
recommendations on which type of account(s) or specific investments should be owned based in
part on their “tax efficiency,” with consideration that there is always a possibility of future
changes to federal, state or local tax laws and rates that may impact your situation.
We recommend that you consult with a qualified tax professional before initiating any tax
planning strategy, and we may provide you with contact information for accountants or attorneys
who specialize in this area if you wish to hire someone for such purposes. We will participate in
meetings or phone calls between you and your tax professional with your approval.
Comprehensive Financial Planning
This service involves working one-on-one with a planner over an extended period of time. By paying a
fixed monthly fee, which may be based upon a percentage of income and net worth, clients get to work
with a planner who will work with them to develop and implement their plan. The planner will monitor
the plan, recommend any changes and ensure the plan isup to date.
Upon desiring a comprehensive plan, a client will be taken through establishing their goals and values
around money. They will be required to provide information to help complete the following areas of
analysis: net worth, cash flow, insurance, credit scores/reports, employee benefit, retirement planning,
insurance, investments, college planning and estate planning. Once the client’s information is reviewed,
their plan will be built and analyzed, and then the findings, analysis and potential changes to their
current situation will be reviewed with the client. Clients subscribing to this service will receive a
written or an electronic report, providing the client with a detailed financial plan designed to achieve his
or her stated financial goals and objectives. If a follow-up meeting is required, we will meet at the
client’s convenience. The plan and the client’s financial situation and goals will be monitored throughout
the year and follow-up phone calls and emails will be made to the client to confirm that any agreed upon
action steps have been carried out. On an annual basis, there will be a full review of this plan to ensure
its accuracy and ongoing appropriateness. Any needed updates will be implemented at that time.
Employee Benefit Plan Services
Our firm provides employee benefit plan services to employer plan sponsors on an ongoing basis.
Generally, such services consist of assisting employer plan sponsors in establishing, monitoring and
reviewing their company’s participant-directed retirement plan. As the needs of the plan sponsor dictate,
areas of advising could include: investment options, plan structure, and participant education.
In providing employee benefit plan services, our firm does not provide any advisory services with
respect to the following types of assets: employer securities, real estate (excluding real estate funds and
publicly traded REITS), participant loans, non-publicly traded securities or assets, other illiquid
investments, or brokerage window programs (collectively, “Excluded Assets”).
Educational Seminars and Speaking Engagements
We may provide seminars on an “as announced” basis for groups seeking general advice on investments
and other areas of personal finance. The content of these seminars will vary depending upon the needs of
the attendees. These seminars are purely educational in nature and do not involve the sale of any
investment products. Information presented will not be based on any individual’s person’s need, nor
does MWM provide individualized investment advice to attendees during these seminars.
Client Tailored Services and Client Imposed Restrictions
We offer the same suite of services to all of our clients. However, specific client financial plans and their
implementation are dependent upon the client Investment Policy Statement which outlines each client’s
current situation (income, tax levels, and risk tolerance levels) and is used to construct a client specific
plan to aid in the selection of a portfolio that matches restrictions, needs, and targets.
Clients are able to specify, within reason, any limitations they would like to place on MWM’s
authority as it pertains to individual securities and/or sectors that will be traded in their account, by
notating these items on the executed advisory agreement.
Wrap Fee Programs
We do not participate in any wrap fee program.
Item 5: Fees and Compensation
Please note, unless a client has received the firm’s disclosure brochure at least 48 hours prior to signing
the investment advisory contract, the investment advisory contract may be terminated by the client
within five (5) business days of signing the contract without penalty and without incurring any advisory
fees. How we are paid depends on the type of advisory service we are performing. Please review the fee
and compensationinformation below.
Investment Advisory Services (MWM Manages)
Our standard advisory fee is based on the market value of the assets under management and is calculated
as follows:
Account Value Annual Advisory Fee
$0-$500,000 1.75%
$500,001-$750,000 1.50%
$750,001-$1,000,000 1.25%
$1,000,001 and Above 1.00%
The annual fees are negotiable and are pro-rated and paid in arrears on a monthly basis. The advisory fee
is a tiered fee and is calculated by assessing the percentage rates using the predefined levels of assets as
shown in the above chart and applying the fee to the account value as of the last day of the previous
quarter. The combination of fees for MWM and the third-party managers will not exceed the industry
standard of excessive fees which is 3%. No increase in the annual fee shall be effective without
agreement from the Client by signing a new agreement or amendment to their current advisory
agreement. Advisory fees are directly debited from Client accounts, or the Client may choose to pay by
check. Accounts initiated or terminated during a calendar quarter will be charged a pro-rated fee based
on the amount of time remaining in the billing period. An account may be terminated with written notice
at least 30 calendar days in advance. Since fees are paid in arrears, no refund will be needed upon
termination of the account.
Use of Third Party Managers, Outside Managers, or Sub-Advisors (TAMPs) – The standard
advisory fee is based on the market value of the account and is calculated as follows:
Account Value Annual Advisory Fee
$0-$500,000 1.75%
$500,001-$750,000 1.50%
$750,001-$1,000,000 1.25%
$1,000,001 and Above 1.00%
The annual fees are negotiable and are pro-rated and paid in arrears on a quarterly basis, and are based
on the average daily balance over the previous quarter.
When an Outside Manager is used, the Outside Manager will debit the Client’s account for both the
Outside Manager’s fee, and MWM’s advisory fee, and will remit MWM’s fee to MWM. Please note, the
above fee schedule does not include the Outside Manager’s fee. The combination of fees for MWM and
the third-party managers will not exceed the industry standard of excessive fees which is 3%. No
increase in the annual fee shall be effective without agreement from the Client by signing a new
agreement or amendment to their current advisory agreement.
Accounts initiated or terminated during a calendar quarter will be charged a pro-rated fee based on the
amount of time remaining in the billing period. An account may be terminated with written notice at
least 30 calendar days in advance. Since fees are paid in arrears, no refund will be needed upon
termination of the account.
Comprehensive Financial Planning
Comprehensive Financial Planning consists of an upfront charge of $1,000 – $2,500, based on
complexity and the needs of the client, and an ongoing fee that is paid monthly, in arrears, at the rate of
$300 – $2,000 per month, based on complexity and the needs of the client. The fee may be negotiable in
certain cases. The fee for this service will increase at a rate of 3% per year to adjust with the cost of
living. The annual increase will occur within 30 days of the client’s contract anniversary date. The
Adviser will provide a written notice of fee increase 30 days in advance of the client’s contract date, and
the client’s sole recourse in the event they object to the amendment shall be to exercise their right to
terminate this Agreement.
Fees for this service may be paid by electronic funds transfer or check. This service may be terminated
with 30 days’ notice. Since fees are paid in arrears, no rebate will be needed upon termination of the
account. Any earned but unpaid fees will be due upon termination.
The upfront portion of the Comprehensive Financial Planning fee is for client onboarding, data
gathering, and setting the basis for the financial plan. This work will commence immediately after the
fee is paid, and will be completed within the first 30 days of the date the fee is paid. Therefore, the
upfront portion of the fee will not be paid more than 6 months in advance. In the event of an early
termination, prior to the initial financial plan being completed, the unearned portion of the upfront fee
will be prorated based on the amount of work completed and refunded to the client.
Fixed Fee Financial Planning
Financial Planning will also be offered on a fixed fee basis for clients who do not require ongoing
Comprehensive Financial Planning. For fixed fee financial planning, the fixed fee will be agreed upon
before the start of any work. The fixed fee can range between $800 and $10,000, based on complexity
and the needs of the client. The fee is negotiable. If a fixed fee program is chosen, half of the fee is due
at the beginning of the process and the remainder is due at completion of work, however, MWM will
not bill an amount above $500.00 more than 6 months in advance. Fees for this service may be paid by
electronic funds transfer or check. Upon termination, the half of the fee that is due up front will be nonrefundable, and no further fees will be charged.
Employee Benefit Plan Services
Account Value MWM’s Fee
$0 – $1,000,000 1.00%
$1,000,001 – $3,000,000 0.75%
$3,000,001 – $5,000,000 0.50%
$5,000,001 and Above 0.25%
MWM will be compensated for Employee Benefit Plan services according to the value of plan assets not
to exceed 1.0% of total plan assets. Typically fees will be based on the standard advisory fee table
disclosed above but the adviser reserves the ability to negotiate a flat fixed ongoing fee with clients at
that adviser’s discretion. In addition to the ongoing fee, when helping establish new plans MWM may
charge a fixed upfront fee to assist with plan establishment. This upfront fee will range between $2,000
and $5,000 based on the complexity and needs of the organization. This does not include fees to other
parties, such as RecordKeepers, Custodians, or Third-Party-Administrators. Fees for this service are
either paid directly by the plan sponsor or deducted directly from the plan assets by the Custodian on a
quarterly basis, and MWM’s fee is remitted to MWM. The annual fees are negotiable and are pro-rated
and paid in arrears.
Educational Seminars/ Speaking engagements
Seminars are offered to organizations and the public on a variety of financial topics. Fees range from
free to $500 per seminar or free to $50 per participant. Half of the fees are due prior to the engagement,
and the other half is to be paid the day of, no later than the conclusion of the Seminar. The fee range is
based on the content, amount of research conducted, the number of hours of preparation needed, and the
number of attendees. In the event of inclement weather or flight cancellation, the Speaker shall make all
reasonable attempts to make alternative travel arrangements to arrive in time for the presentation. If
travel proves impossible, or the event is otherwise canceled, the Speaker’s fee is waived, but the Client
will still be responsible for reimbursement of any non-refundable travel expenses already incurred not to
exceed $500.
In the event that the Client decides to cancel or change the date of the event for any reason besides
weather or similar unforeseen causes, the Client will still be responsible for reimbursement of any
non-refundable travel expenses already incurred, and will provide payment for 25 % of the Speaker’s fee
if the cancellation occurs within 30 days of the event. In the event that the Speaker must cancel due to
health or similar unforeseen circumstances, the Speaker will make all attempts to find a reasonable
alternative engagement date and will absorb any incremental additional costs for obtaining alternative
travel arrangements. If an alternative date cannot be obtained, the Client will not be responsible for any
travel costs already incurred by the Speaker or any portion of the Speaker’s fee.
Other Types of Fees and Expenses
Our fees are exclusive of brokerage commissions, transaction fees, and other related costs and expenses
which may be incurred by the client. Clients may incur certain charges imposed by custodians, brokers,
and other third parties such as custodial fees, deferred sales charges, odd-lot differentials, transfer taxes,
wire transfer and electronic fund fees, and other fees and taxes on brokerage accounts and securities
transactions. Mutual fund and exchange traded funds also charge internal management fees, which are
disclosed in a fund’s prospectus. Such charges, fees, and commissions are exclusive of and in addition to
our fee, and we shall not receive any portion of these commissions, fees, and costs.
Item 12 further describes the factors that we consider in selecting or recommending broker-dealers for
client’s transactions and determining the reasonableness of their compensation (e.g., commissions).
We do not accept compensation for the sale of securities or other investment products including
asset-based sales charges or service fees from the sale of mutual funds.
Item 6: Performance-Based Fees and
Side-By-Side Management
We do not offer performance-based fees and do not engage in side-by-side management.
Item 7: Types of Clients
We provide financial planning and portfolio management services to individuals, high net-worth
individuals, and corporations or other businesses.
We do not have a minimum account size for Investment Advisory Services. We do not have a minimum
account size requirement for Financial Planning.
Item 8: Methods of Analysis, Investment
Strategies and Risk of Loss
When clients have us complete an Investment Analysis (described in Item 4 of this brochure) as part of
their financial plan, or when we perform Investment Advisory services for clients,, our primary method
of investment analysis is fundamental analysis.
Fundamental analysis involves analyzing individual companies and their industry groups, such as a
company’s financial statements, details regarding the company’s product line, the experience, and
expertise of the company’s management, and the outlook for the company’s industry. The resulting data
is used to measure the true value of the company’s stock compared to the current market value. The risk
of fundamental analysis is that information obtained may be incorrect and the analysis may not provide
an accurate estimate of earnings, which may be the basis for a stock’s value. If securities prices adjust
rapidly to new information, utilizing fundamental analysis may not result in favorable performance.
Use of Outside Managers: We may refer Clients to third-party investment advisers (“outside
managers”). Our analysis of outside managers involves the examination of the experience, expertise,
investment philosophies, and past performance of the outside managers in an attempt to determine if that
manager has demonstrated an ability to invest over a period of time and in different economic
conditions. We monitor the manager’s underlying holdings, strategies, concentrations, and leverage as
part of our overall periodic risk assessment. Additionally, as part of our due diligence process, we
survey the manager’s compliance and business enterprise risks. A risk of investing with an outside
manager who has been successful in the past is that he or she may not be able to replicate that success in
the future. In addition, as we do not control the underlying investments in an outside manager’s
portfolio. There is also a risk that a manager may deviate from the stated investment mandate or
strategy of the portfolio, making it a less suitable investment for our Clients. Moreover, as we do not
control the manager’s daily business and compliance operations, we may be unaware of the lack of
internal controls necessary to prevent business, regulatory or reputational deficiencies.
Passive Investment Management
We primarily practice passive investment management. Passive investing involves building portfolios
that are comprised of various distinct asset classes. The asset classes are weighted in a manner to
achieve the desired relationship between correlation, risk, and return. Funds that passively capture the
returns of the desired asset classes are placed in the portfolio. The funds that are used to build passive
portfolios are typically index mutual funds or exchange traded funds.
Passive investment management is characterized by low portfolio expenses (i.e. the funds inside the
portfolio have low internal costs), minimal trading costs (due to infrequent trading activity), and relative
tax efficiency (because the funds inside the portfolio are tax efficient and turnover inside the portfolio is
minimal).
In contrast, active management involves a single manager or managers who employ some method,
strategy or technique to construct a portfolio that is intended to generate returns that are greater than the
broader market or a designated benchmark. Academic research indicates most active managers
underperform the market.
Material Risks Involved
All investing strategies we offer involve risk and may result in a loss of your original investment
which you should be prepared to bear. Many of these risks apply equally to stocks, bonds,
commodities and any other investment or security. Material risks associated with our investment
strategies are listed below.
Market Risk: Market risk involves the possibility that an investment’s current market value will fall
because of a general market decline, reducing the value of the investment regardless of the operational
success of the issuer’s operations or its financial condition.
Strategy Risk: The Adviser’s investment strategies and/or investment techniques may not work as
intended.
Small and Medium Cap Company Risk: Securities of companies with small and medium market
capitalizations are often more volatile and less liquid than investments in larger companies. Small and
medium cap companies may face a greater risk of business failure, which could increase the volatility of
the client’s portfolio.
Turnover Risk: At times, the strategy may have a portfolio turnover rate that is higher than other
strategies. A high portfolio turnover would result in correspondingly greater brokerage commission
expenses and may result in the distribution of additional capital gains for tax purposes. These factors
may negatively affect the account’s performance.
Concentration Risk: Certain investment strategies focus on particular asset-classes, industries, sectors
or types of investment. From time to time these strategies may be subject to greater risks of adverse
developments in such areas of focus than a strategy that is more broadly diversified across a wider
variety of investments.
Interest Rate Risk: Bond (fixed income) prices generally fall when interest rates rise, and the value
may fall below par value or the principal investment. The opposite is also generally true: bond prices
generally rise when interest rates fall. In general, fixed income securities with longer maturities are more
sensitive to these price changes. Most other investments are also sensitive to the level and direction of
interest rates.
Legal or Legislative Risk: Legislative changes or Court rulings may impact the value of investments, or
the securities’ claim on the issuer’s assets and finances.
Inflation: Inflation may erode the buying power of your investment portfolio, even if the dollar value of
your investments remains the same.
Risks Associated with Securities
Apart from the general risks outlined above which apply to all types of investments, specific securities
may have other risks.
Common stocks may go up and down in price quite dramatically, and in the event of an issuer’s
bankruptcy or restructuring could lose all value. A slower-growth or recessionary economic
environment could have an adverse effect on the price of all stocks.
Corporate Bonds are debt securities to borrow money. Generally, issuers pay investors periodic interest
and repay the amount borrowed either periodically during the life of the security and/or at maturity.
Alternatively, investors can purchase other debt securities, such as zero coupon bonds, which do not pay
current interest, but rather are priced at a discount from their face values and their values accrete over
time to face value at maturity. The market prices of debt securities fluctuate depending on such factors
as interest rates, credit quality, and maturity. In general, market prices of debt securities decline when
interest rates rise and increase when interest rates fall. The longer the time to a bond’s maturity, the
greater its interest rate risk.
Municipal Bonds are debt obligations generally issued to obtain funds for various public purposes,
including the construction of public facilities. Municipal bonds pay a lower rate of return than most
other types of bonds. However, because of a municipal bond’s tax-favored status, investors should
compare the relative after-tax return to the after-tax return of other bonds, depending on the investor’s
tax bracket. Investing in municipal bonds carries the same general risks as investing in bonds in general.
Those risks include interest rate risk, reinvestment risk, inflation risk, market risk, call or redemption
risk, credit risk, and liquidity and valuation risk.
Options and other derivatives carry many unique risks, including time-sensitivity, and can result in the
complete loss of principal. While covered call writing does provide a partial hedge to the stock against
which the call is written, the hedge is limited to the amount of cash flow received when writing the
option. When selling covered calls, there is a risk the underlying position may be called away at a price
lower than the current market price.
Exchange Traded Funds prices may vary significantly from the Net Asset Value due to market
conditions. Certain Exchange Traded Funds may not track underlying benchmarks as expected. ETFs
are also subject to the following risks: (i) an ETF’s shares may trade at a market price that is above or
below their net asset value; (ii) the ETF may employ an investment strategy that utilizes high leverage
ratios; or (iii) trading of an ETF’s shares may be halted if the listing exchange’s officials deem such
action appropriate, the shares are de-listed from the exchange, or the activation of market-wide “circuit
breakers” (which are tied to large decreases in stock prices) halts stock trading generally. The Adviser
has no control over the risks taken by the underlying funds in which client’s invest.
Investment Companies Risk. When a client invests in open-end mutual funds or ETFs, the client
indirectly bears its proportionate share of any fees and expenses payable directly by those funds.
Therefore, the client will incur higher expenses, many of which may be duplicative. In addition, the
client’s overall portfolio may be affected by losses of an underlying fund and the level of risk arising
from the investment practices of an underlying fund (such as the use of derivatives).
Item 9: Disciplinary Information
Criminal or Civil Actions
MWM and its management have not been involved in any criminal or civil action.
Administrative Enforcement Proceedings
MWM and its management have not been involved in administrative enforcement proceedings.
Self-Regulatory Organization Enforcement Proceedings
MWM and its management have not been involved in legal or disciplinary events that are material to a
client’s or prospective client’s evaluation of MWM or the integrity of its management.
Item 10: Other Financial Industry Activities and
Affiliations
No MWM employee is registered, or have an application pending to register, as a broker-dealer or a
registered representative of a broker-dealer.
No MWM employee is registered, or have an application pending to register, as a futures commission
merchant, commodity pool operator or a commodity trading advisor.
MWM does not have any related parties. As a result, we do not have a relationship with any related
parties.
MWM only receives compensation directly from clients. We do not receive compensation from any
outside source. We do not have any conflicts of interest with any outside party.
Brendan Dooley is currently a licensed insurance agent, however, he no longer sells any insurance
products, and is not affiliated with any insurance companies. He will not sell any insurance products to
clients of MWM.
Recommendations or Selections of Other Investment Advisers
As referenced in Item 4 of this brochure, MWM recommends Clients to Outside Managers to manage
their accounts. In the event that we recommend an Outside Manager, please note that we do not share in
their advisory fee. Our fee is separate and in addition to their compensation (as noted in Item 5) and will
be described to you prior to engagement. You are not obligated, contractually or otherwise, to use the
services of any Outside Manager we recommend. Additionally, MWM will only recommend an Outside
Manager who is properly licensed or registered as an investment adviser.
Item 11: Code of Ethics, Participation or
Interest in Client Transactions and Personal
Trading
As a fiduciary, our firm and its associates have a duty of utmost good faith to act solely in the best
interests of each Client. Our Clients entrust us with their funds and personal information, which in turn
places a high standard on our conduct and integrity. Our fiduciary duty is a core aspect of our Code of
Ethics and represents the expected basis of all of our dealings. The firm also adheres to the Code of
Ethics and Professional Responsibility adopted by the CFP® Board of Standards Inc., and accepts the
obligation not only to comply with the mandates and requirements of all applicable laws and regulations
but also to take responsibility to act in an ethical and professionally responsible manner in all
professional services and activities.
Code of Ethics Description
This code does not attempt to identify all possible conflicts of interest, and literal compliance with each
of its specific provisions will not shield associated persons from liability for personal trading or other
conduct that violates a fiduciary duty to advisory clients. The firm also adheres to the Code of Ethics
and Professional Responsibility adopted by the CFP® Board of Standards Inc., and accepts the
obligation not only to comply with the mandates and requirements of all applicable laws and regulations
but also to take responsibility to act in an ethical and professionally responsible manner in all
professional services and activities. A summary of the Code of Ethics’ Principles is outlined below.
• Integrity – Associated persons shall offer and provide professional services with integrity.
• Objectivity – Associated persons shall be objective in providing professional services to clients.
• Competence – Associated persons shall provide services to clients competently and maintain the
necessary knowledge and skill to continue to do so in those areas in which they are engaged.
• Fairness – Associated persons shall perform professional services in a manner that is fair and
reasonable to clients, principals, partners, and employers, and shall disclose conflict(s) of interest
in providing such services.
• Confidentiality – Associated persons shall not disclose confidential client information without the
specific consent of the client unless in response to proper legal process, or as required by law.
• Professionalism – Associated persons’ conduct in all matters shall reflect the credit of the
profession.
• Diligence – Associated persons shall act diligently in providing professional services.
We periodically review and amend our Code of Ethics to ensure that it remains current, and we require
all firm access persons to attest to their understanding of and adherence to the Code of Ethics at least
annually. Our firm will provide a copy of its Code of Ethics to any client or prospective client upon
request.
Investment Recommendations Involving a Material Financial Interest and Conflicts of Interest
Neither our firm, its associates or any related person is authorized to recommend to a client or effect a
transaction for a client, involving any security in which our firm or a related person has a material
financial interest, such as in the capacity as an underwriter, adviser to the issuer, etc.
Advisory Firm Purchase of Same Securities Recommended to Clients and Conflicts of Interest
Our firm and its “related persons” do not invest in the same securities, or related securities, e.g.,
warrants, options or futures, which we recommend to clients.
Trading Securities At/Around the Same Time as Client’s Securities
Because our firm and its “related persons” do not invest in the same securities, or related securities, e.g.,
warrants, options or futures, which we recommend to clients, we do not trade in securities at or around
the same time as clients.
Item 12: Brokerage Practices
Factors Used to Select Custodians and/or Broker-Dealers
Meaningful Wealth Management LLC does not have any affiliation with Broker-Dealers. Specific
custodian recommendations are made to the client based on their need for such services. We recommend
custodians based on the reputation and services provided by the firm.
1. Research and Other Soft-Dollar Benefits
We currently receive soft dollar benefits by nature of our relationship with MTG, LLC dba Betterment
Securities (“Betterment Securities”).
2. Brokerage for Client Referrals
We receive no referrals from a broker-dealer or third party in exchange for using that broker-dealer or
third party.
3. Clients Directing Which Broker/Dealer/Custodian to Use
We do recommend a specific custodian for clients to use, however, clients may custody their assets at a
custodian of their choice. Clients may also direct us to use a specific broker-dealer to execute
transactions. By allowing clients to choose a specific custodian, we may be unable to achieve most
favorable execution of client transaction and this may cost clients money over using a lower-cost
custodian.
The Custodian and Brokers We Use (Betterment)
MWM does not maintain custody of your assets that we manage, although we may be deemed to have
custody of your assets if you give us the authority to withdraw advisory fees from your account (see
Item 15—Custody, below). Your assets must be maintained in an account at a “qualified custodian,”
generally a broker-dealer or bank. We may recommend that our clients use MTG, LLC dba Betterment
Securities (“Betterment Securities”), a registered broker-dealer, member SIPC, as the qualified
custodian. We are independently owned and operated and are not affiliated with Betterment Securities.
Betterment Securities will hold your assets in a brokerage account and buy and sell securities when we
and/or you instruct them to. While we may recommend that you use Betterment Securities as
custodian/broker, you will decide whether to do so and will open your account with Betterment
Securities by entering into an account agreement directly with them. We do not open the account for
you, although we may assist you in doing so. If you do not wish to place your assets with Betterment
Securities, then we cannot manage your account on Betterment For Advisors (defined below).
Your Brokerage and Custody Costs
For our clients’ accounts that Betterment Securities maintains, Betterment Securities generally does not
charge you separately for custody services but is compensated as part of the Betterment For Advisors
(defined below) platform fee, which is a percentage of the dollar amount of assets in the account in lieu
of commissions. We have determined that having Betterment Securities execute trades is consistent with
our duty to seek “best execution” of your trades. Best execution means the most favorable terms for a
transaction based on all relevant factors, including those listed above (see “Factors Used to Select
Custodians and/or Broker-Dealers”).
Services Available to Us via Betterment For Advisors
Betterment Securities serves as broker-dealer to Betterment For Advisors, an investment and advice
platform serving independent investment advisory firms like us (“Betterment For Advisors”). Betterment
For Advisors also makes available various support services which may not be available to Betterment’s
retail customers. Some of those services help us manage or administer our clients’ accounts, while others
help us manage and grow our business. Betterment For Advisors’ support services are generally
available on an unsolicited basis (we don’t have to request them) and at no charge to us. Following is a
more detailed description of Betterment For Advisors’ support services:
1. SERVICES THAT BENEFIT YOU. Betterment For Advisors includes access to a range of
investment products, execution of securities transactions, and custody of client assets through
Betterment Securities. Betterment Securities’ services described in this paragraph generally
benefit you and your account.
2. SERVICES THAT MAY NOT DIRECTLY BENEFIT YOU. Betterment For Advisors also
makes available to us other products and services that benefit us, but may not directly benefit
you or your account. These products and services assist us in managing and administering our
clients’ accounts, such as software and technology that may:
a. Assist with back-office functions, recordkeeping, and client reporting of our clients’
accounts.
b. Provide access to client account data (such as duplicate trade confirmations and account
statements).
c. Provide pricing and other market data.
d. Assist with back-office functions, recordkeeping, and client reporting.
3. SERVICES THAT GENERALLY BENEFIT ONLY US. By using Betterment For Advisors, we
will be offered other services intended to help us manage and further develop our business
enterprise. These services include:
a. Educational conferences and events.
b. Consulting on technology, compliance, legal, and business needs.
c. Publications and conferences on practice management and business succession.
Our Interest in Betterment Securities’ Services
The availability of these services from Betterment For Advisors benefits us because we do not have to
produce or purchase them. In addition, we don’t have to pay for Betterment Securities’ services. These
services may be contingent upon us committing a certain amount of business to Betterment Securities in
assets in custody. We may have an incentive to recommend that you maintain your account with
Betterment Securities, based on our interest in receiving Betterment For Advisors and Betterment
Securities’ services that benefit our business rather than based on your interest in receiving the best
value in custody services and the most favorable execution of your transactions. This is a potential
conflict of interest. We believe, however, that our selection of Betterment Securities as custodian and
broker is in the best interests of our clients. Our selection is primarily supported by the scope, quality,
and price of Betterment Securities’ services and not Betterment For Advisors and Betterment Securities’
services that benefit only us.
The Custodian and Brokers We Use (TD Ameritrade)
Advisor participates in the TD Ameritrade Institutional program. TD Ameritrade Institutional is a
division of TD Ameritrade, Inc. (“TD Ameritrade”), member FINRA/SIPC. TD Ameritrade is an
independent [and unaffiliated] SEC-registered broker-dealer. TD Ameritrade offers to independent
investment Advisors services which include custody of securities, trade execution, clearance, and
settlement of transactions. Advisor receives some benefits from TD Ameritrade through its participation
in the program. (Please see the disclosure under Item 14 below.)
Aggregating (Block) Trading for Multiple Client Accounts
Investment advisers may elect to purchase or sell the same securities for several clients at approximately
the same time when they believe such action may prove advantageous to clients. This process is referred
to as aggregating orders, batch trading or block trading. We do not engage in block trading. It should be
noted that implementing trades on a block or aggregate basis may be less expensive for client accounts;
however, it is our trading policy is to implement all client orders on an individual basis. Therefore, we
do not aggregate or “block” client transactions. Considering the types of investments we hold in
advisory client accounts, we do not believe clients are hindered in any way because we trade accounts
individually. This is because we develop individualized investment strategies for clients and holdings
will vary. Our strategies are primarily developed for the long-term and minor differences in price
execution are not material to our overall investment strategy.
Item 13: Review of Accounts
Brendan Dooley, Principal and CCO of MWM, will work with clients to obtain current information
regarding their assets and investment holdings and will review this information as part of our financial
planning services. MWM does not provide specific reports to financial planning clients, other than
financial plans.
Client accounts with the Investment Advisory Service will be reviewed regularly on a quarterly basis by
Brendan Dooley, Principal and CCO. The account is reviewed with regards to the client’s investment
policies and risk tolerance levels. Events that may trigger a special review would be unusual
performance, addition or deletions of client imposed restrictions, excessive draw-down, volatility in
performance, or buy and sell decisions from the firm or per client’s needs.
Clients will receive trade confirmations from the broker(s) for each transaction in their accounts as well
as monthly or quarterly statements and annual tax reporting statements from their custodian showing all
activity in the accounts, such as receipt of dividends and interest.
MWM will provide written reports to Investment Advisory clients on an annual basis. We urge clients to
compare these reports against the account statements they receive from their custodian.
Item 14: Client Referrals and Other
Compensation
We do not receive any economic benefit, directly or indirectly, from any third party for advice rendered
to our clients. Nor do we, directly or indirectly, compensate any person who is not advisory personnel
for client referrals.
We receive a non-economic benefit from Betterment For Advisors and Betterment Securities in the form
of the support products and services it makes available to us and other independent investment advisors
whose clients maintain their accounts at Betterment Securities. These products and services, how they
benefit us, and the related conflicts of interest are described above (see Item 12—Brokerage Practices).
The availability to us of Betterment For Advisors and Betterment Securities’ products and services is not
based on us giving particular investment advice, such as buying particular securities for our clients.
As disclosed under Item 12, above, Advisor participates in TD Ameritrade’s institutional customer
program and Advisor may recommend TD Ameritrade to Clients for custody and brokerage services.
There is no direct link between Advisor’s participation in the program and the investment advice it gives
to its Clients, although Advisor receives economic benefits through its participation in the program that
are typically not available to TD Ameritrade retail investors. These benefits include the following
products and services (provided without cost or at a discount): receipt of duplicate Client statements and
confirmations; research related products and tools; consulting services; access to a trading desk serving
Advisor participants; access to block trading (which provides the ability to aggregate securities
transactions for execution and then allocate the appropriate shares to Client accounts); the ability to have
advisory fees deducted directly from Client accounts; access to an electronic communications network
for Client order entry and account information; access to mutual funds with no transaction fees and to
certain institutional money managers; and discounts on compliance, marketing, research, technology,
and practice management products or services provided to Advisor by third party vendors. TD
Ameritrade may also have paid for business consulting and professional services received by Advisor’s
related persons. Some of the products and services made available by TD Ameritrade through the
program may benefit Advisor but may not benefit its Client accounts. These products or services may
assist Advisor in managing and administering Client accounts, including accounts not maintained at TD
Ameritrade. Other services made available by TD Ameritrade are intended to help Advisor manage and
further develop its business enterprise. The benefits received by Advisor or its personnel through
participation in the program do not depend on the amount of brokerage transactions directed to TD
Ameritrade. As part of its fiduciary duties to clients, Advisor endeavors at all times to put the interests of
its clients first. Clients should be aware, however, that the receipt of economic benefits by Advisor or its
related persons in and of itself creates a potential conflict of interest and may indirectly influence the
Advisor’s choice of TD Ameritrade for custody and brokerage services.
Item 15: Custody
MWM is deemed to have limited custody solely because advisory fees are directly deducted from
client’s account by the custodian on behalf of MWM.
For client accounts in which MWM directly debits their advisory fee:
i. MWM will send a copy of its invoice to the custodian at the same time that it sends the client a
copy.
ii. The custodian will send at least quarterly statements to the client showing all disbursements for
the account, including the amount of the advisory fee.
iii. The client will provide written authorization to MWM, permitting them to be paid directly for
their accounts held by the custodian.
Clients should receive at least quarterly statements from the broker-dealer, bank or other qualified
custodian that holds and maintains client’s investment assets. We urge you to carefully review such
statements and compare such official custodial records to the account statements or reports that we may
provide to you. Our statements or reports may vary from custodial statements based on accounting
procedures, reporting dates, or valuation methodologies of certain securities.
Item 16: Investment Discretion
For those client accounts where we provide investment advisory services, we maintain non-discretionary
management over client accounts with respect to securities to be bought and sold and the amount of
securities to be bought and sold. This means we will require the client’s direct authorization prior to
making any changes to the client’s account.
For those client accounts where we use Outside Managers for investment management, we do not
exercise discretion.
Item 17: Voting Client Securities
We do not vote Client proxies. Therefore, Clients maintain exclusive responsibility for: (1) voting
proxies, and (2) acting on corporate actions pertaining to the Client’s investment assets. The Client shall
instruct the Client’s qualified custodian to forward to the Client copies of all proxies and shareholder
communications relating to the Client’s investment assets. If the client would like our opinion on a
particular proxy vote, they may contact us at the number listed on the cover of this brochure.
In most cases, you will receive proxy materials directly from the account custodian. However, in the
event we were to receive any written or electronic proxy materials, we would forward them directly to
you by mail, unless you have authorized our firm to contact you by electronic mail, in which case, we
would forward you any electronic solicitation to vote proxies.
Item 18: Financial Information
Registered Investment Advisers are required in this Item to provide you with certain financial
information or disclosures about our financial condition. We have no financial commitment that impairs
our ability to meet contractual and fiduciary commitments to clients, and we have not been the subject of
a bankruptcy proceeding.
We do not have custody of client funds or securities or require or solicit prepayment of more than $500
in fees per client six months in advance.
Item 19: Requirements for State-Registered
Advisers
Brendan Dooley
Born: 1987
Educational Background
• 2009 – B.S. Economics, The Pennsylvania State University
Business Experience
• 11/2018 – Present, Meaningful Wealth Management LLC, Principal and CCO
• 12/2014 – 11/2018, Ameriprise Financial Services, Inc., Financial Advisor
• 10/2012 – 12/2014, Wells Fargo Advisors, LLC, Financial Advisor
Professional Designations, Licensing & Exams
Certified Financial Planner™ or CFP®: The CERTIFIED FINANCIAL PLANNER™, CFP® and
federally registered CFP (with flame design) marks (collectively, the “CFP® marks”) are professional
certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc.
(“CFP Board”).
The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial
planners to hold CFP® certification. It is recognized in the United States and a number of other
countries for its (1) high standard of professional education; (2) stringent code of conduct and standards
of practice; and (3) ethical requirements that govern professional engagements with clients. Currently,
more than 71,000 individuals have obtained the CFP® certification in the United States.
To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following
requirements:
● Education – Complete an advanced college-level course of study addressing the financial planning
subject areas that CFP Board’s studies have determined as necessary for the competent and professional
delivery of financial planning services, and attain a Bachelor’s Degree from a regionally accredited
United States college or university (or its equivalent from a foreign university). CFP Board’s financial
planning subject areas include insurance planning and risk management, employee benefits planning,
investment planning, income tax planning, retirement planning, and estate planning;
● Examination – Pass the comprehensive CFP® Certification Examination. The examination
includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial
planning issues and apply one’s knowledge of financial planning to real-world circumstances;
● Experience – Complete at least three years of full-time financial planning-related experience (or
the equivalent, measured as 2,000 hours per year); and
● Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of
documents outlining the ethical and practice standards for CFP® professionals.
Individuals who become certified must complete the following ongoing education and ethics
requirements in order to maintain the right to continue to use the CFP® marks:
● Continuing Education – Complete 30 hours of continuing education hours every two years,
including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to
maintain competence and keep up with developments in the financial planning field; and
● Ethics – Renew an agreement to be bound by the Standards of Professional Conduct. The
Standards prominently require that CFP® professionals provide financial planning services at a
fiduciary standard of care. This means CFP® professionals must provide financial planning services in
the best interests of their clients.
CFP® professionals who fail to comply with the above standards and requirements may be subject to
CFP Board’s enforcement process, which could result in suspension or permanent revocation of their
CFP® certification.
Chartered Retirement Planning CounselorSM or CRPC®: Individuals who hold the CRPC®
designation have completed a course of study encompassing pre-and post-retirement needs, asset
management, estate planning and the entire retirement planning process using models and techniques
from real client situations. Additionally, individuals must pass an end-of-course examination that tests
their ability to synthesize complex concepts and apply theoretical concepts to real-life situations.
All designees have agreed to adhere to Standards of Professional Conduct and are subject to a
disciplinary process.
Designees renew their designation every two-years by completing 16 hours of continuing education,
reaffirming adherence to the Standards of Professional Conduct and complying with self-disclosure
requirements.
Other Business Activities
Brendan Dooley is currently licensed as an Accident and Health, Life and Fixed Annuities, and
Variable Life and Variable Annuity insurance agent. Mr. Dooley maintains this license in order to
discuss these matters with Meaningful Wealth Management’s clients.
Brendan Dooley is currently employed as an adjunct professor at Temple University. This activity
accounts for less than 10% of his time during normal business hours and is not expected to interfere with
MWM business activities.
Performance-Based Fees
MWM is not compensated by performance-based fees.
Material Disciplinary Disclosures
No management person at Meaningful Wealth Management LLC has ever been involved in an
arbitration claim of any kind or been found liable in a civil, self-regulatory organization, or
administrative proceeding.
Material Relationships That Management Persons Have With Issuers of Securities
Meaningful Wealth Management LLC, nor Brendan Dooley, have any relationship or arrangement with
issuers of securities, in addition to what is described in Item 10.
Additional Compensation
Brendan Dooley does not receive any economic benefit from any person, company, or organization, in
exchange for providing clients advisory services through MWM.
Supervision
Brendan Dooley, as Principal and Chief Compliance Officer of MWM, is responsible for supervision.
He may be contacted at the phone number on this brochure supplement.
Requirements for State Registered Advisers
Brendan Dooley has NOT been involved in an arbitration, civil proceeding, self-regulatory proceeding,
administrative proceeding, or a bankruptcy petition.
Meaningful Wealth Management LLC
PO Box 411
Flourtown, PA 19031
(215) 600-2814
Dated: May 6, 2022
Form ADV Part 2B – Brochure Supplement
For
Brendan Dooley – Individual CRD# 6068263
Principal, and Chief Compliance Officer
This brochure supplement provides information about Brendan Dooley that supplements the Meaningful
Wealth Management LLC (“MWM”) brochure. A copy of that brochure precedes this supplement.
Please contact Brendan Dooley if the MWM brochure is not included with this supplement or if you
have any questions about the contents of this supplement.
Additional information about Brendan Dooley is available on the SEC’s website at
www.adviserinfo.sec.gov which can be found using the identification number 6068263.
Item 2: Educational Background and Business
Experience
Brendan Dooley
Born: 1987
Educational Background
• 2009 – B.S. Economics, The Pennsylvania State University
Business Experience
• 11/2018 – Present, Meaningful Wealth Management LLC, Principal and CCO
• 12/2014 – 11/2018, Ameriprise Financial Services, Inc., Financial Advisor
• 10/2012 – 12/2014, Wells Fargo Advisors, LLC, Financial Advisor
Professional Designations, Licensing & Exams
Certified Financial Planner™ or CFP®: The CERTIFIED FINANCIAL PLANNER™, CFP® and
federally registered CFP (with flame design) marks (collectively, the “CFP® marks”) are professional
certification marks granted in the United States by Certified Financial Planner Board of Standards, Inc.
(“CFP Board”).
The CFP® certification is a voluntary certification; no federal or state law or regulation requires financial
planners to hold CFP® certification. It is recognized in the United States and a number of other
countries for its (1) high standard of professional education; (2) stringent code of conduct and standards
of practice; and (3) ethical requirements that govern professional engagements with clients. Currently,
more than 71,000 individuals have obtained the CFP® certification in the United States.
To attain the right to use the CFP® marks, an individual must satisfactorily fulfill the following
requirements:
● Education – Complete an advanced college-level course of study addressing the financial planning
subject areas that CFP Board’s studies have determined as necessary for the competent and professional
delivery of financial planning services, and attain a Bachelor’s Degree from a regionally accredited
United States college or university (or its equivalent from a foreign university). CFP Board’s financial
planning subject areas include insurance planning and risk management, employee benefits planning,
investment planning, income tax planning, retirement planning, and estate planning;
● Examination – Pass the comprehensive CFP® Certification Examination. The examination
includes case studies and client scenarios designed to test one’s ability to correctly diagnose financial
planning issues and apply one’s knowledge of financial planning to real-world circumstances;
● Experience – Complete at least three years of full-time financial planning-related experience (or
the equivalent, measured as 2,000 hours per year); and
● Ethics – Agree to be bound by CFP Board’s Standards of Professional Conduct, a set of
documents outlining the ethical and practice standards for CFP® professionals.
Individuals who become certified must complete the following ongoing education and ethics
requirements in order to maintain the right to continue to use the CFP® marks:
● Continuing Education – Complete 30 hours of continuing education hours every two years,
including two hours on the Code of Ethics and other parts of the Standards of Professional Conduct, to
maintain competence and keep up with developments in the financial planning field; and
● Ethics – Renew an agreement to be bound by the Standards of Professional Conduct. The
Standards prominently require that CFP® professionals provide financial planning services at a
fiduciary standard of care. This means CFP® professionals must provide financial planning services in
the best interests of their clients.
CFP® professionals who fail to comply with the above standards and requirements may be subject to
CFP Board’s enforcement process, which could result in suspension or permanent revocation of their
CFP® certification.
Chartered Retirement Planning CounselorSM or CRPC®: Individuals who hold the CRPC®
designation have completed a course of study encompassing pre-and post-retirement needs, asset
management, estate planning and the entire retirement planning process using models and techniques
from real client situations. Additionally, individuals must pass an end-of-course examination that tests
their ability to synthesize complex concepts and apply theoretical concepts to real-life situations.
All designees have agreed to adhere to Standards of Professional Conduct and are subject to a
disciplinary process.
Designees renew their designation every two-years by completing 16 hours of continuing education,
reaffirming adherence to the Standards of Professional Conduct and complying with self-disclosure
requirements.
Item 3: Disciplinary Information
No management person at Meaningful Wealth Management LLC has ever been involved in an
arbitration claim of any kind or been found liable in a civil, self-regulatory organization, or
administrative proceeding.
Item 4: Other Business Activities
Brendan Dooley is currently licensed as an Accident and Health, Life and Fixed Annuities, and
Variable Life and Variable Annuity insurance agent. Mr. Dooley maintains this license in order to
discuss these matters with Meaningful Wealth Management’s clients.
Brendan Dooley is currently employed as an adjunct professor at Temple University. This activity
accounts for less than 10% of his time and is not expected to interfere with MWM business activities.
Item 5: Additional Compensation
Brendan Dooley does not receive any economic benefit from any person, company, or organization, in
exchange for providing clients advisory services through MWM.
Item 6: Supervision
Brendan Dooley, as Principal and Chief Compliance Officer of MWM, is responsible for supervision.
He may be contacted at the phone number on this brochure supplement.
Item 7: Requirements for State Registered
Advisers
Brendan Dooley has NOT been involved in an arbitration, civil proceeding, self-regulatory proceeding,
administrative proceeding, or a bankruptcy petition.